HEATING OIL
10/05
Has been touted here as "THE PLAY" for the upcoming months since not only are supplies of CRUDE low but the REFINING capacities throughout the East are at near maximum levels so increases in demand can not be met. What will increase demand? How about one of the coldest winters in the last decade! I have a saying which I learned from my years on the "floor". When the ENERGY BROKERS have to wear gloves to work (exchange is here in NYC) BUY, BUY, BUY!!! DEC BULL CALL SPREADS are the BEST way to play this market for the Mid-term. Properly executed a 10 cent spread may be had for a penny risk ($420 to receive $4200 minus cost).